Alexander And Kline Give Statement On Student Loan Interest Rate Report

Friday, January 31, 2014

Senator Lamar Alexander and House Education and the Workforce Committee Chairman John Kline (R-Mn.) issued the following joint statement after the Government Accountability Office (GAO) released a report on federal student loan interest rates:

“Today’s GAO report makes it clear that Congress was exactly right to tie student loan interest rates to market rates, because that is the fairest way to ensure the loans don’t overcharge either students or taxpayers. The Bipartisan Student Loan Certainty Act cut interest rates for undergraduate loans nearly in half and made all student loans cheaper, simpler and more certain.”

The Bipartisan Student Loan Certainty Act (also known as the Smarter Solutions for Students Act) included a provision directing the GAO to provide information on issues related to the cost of federal student loans. Specifically, the report was intended to help members of Congress determine whether there was an ideal federal student loan interest rate that would ensure the government could cover Direct Loan costs without generating excess revenue. To read the full report, entitled “Borrower Interest Rates Cannot Be Set in Advance to Precisely and Consistently Balance Federal Revenues and Costs,” click here.


Recognition To Be Held For Cleveland BOE And City Council At Raider Arena On Monday

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Arnold Singers Spread Christmas Cheer At Lee

Lee University welcomed carolers from Arnold Elementary School choir on Tuesday as part of the B.E.S.T. Partners program. The elementary students performed Christmas carols in the Deacon Jones Dining Hall during the Lee student, staff and faculty lunch break. Lunch was provided for the elementary students, courtesy of Sodexo Dining Services. The B. E. S. T. program is ... (click for more)

Tennessee Members Of Congress Urge President To Approve Federal Disaster Assistance For Tennessee Counties

Members of Tennessee’s Congressional delegation on Saturday urged President Obama to quickly approve Governor Haslam’s request for a major disaster declaration for the State of Tennessee to help five Tennessee counties impacted by wildfires and severe weather in November rebuild and recover. “Governor Bill Haslam has submitted a request for Public Assistance and Individual ... (click for more)

Grohn Says Integrity And Ethics Lacking In Berke Administration

Mayoral candidate Larry Grohn criticized controversies and instability coming from the mayor’s administration as a sign of unethical leadership and a lack of integrity. He said, "These scandals lay out the simple fact that it is time for new leadership which is accountable to the people." Councilman Grohn’s criticism comes after the independent auditor’s release of a memorandum ... (click for more)

New School Funding Ideas

After reading the article “County Schools Prepare To Set Priorities For Next Round Of School Building Funding,” I could not help but think about how helpful it would be to have the millions of taxpayer dollars given the owners of Walnut Common apartments to build some new schools.   In case you did not know, since 2008 our elected officials have given away millions in taxpayer ... (click for more)

Roy Exum: John Glenn’s ‘Hero’

When John Glenn became the first man to orbit earth, the timing was perfect. I was 13 years old at the time, in need of a hero, and I latched on to the astronaut tighter than a tick. All of us boys knew he’d flown 150 missions in fighters in World War II and Korea and, believe me, he was “The Right Stuff” long before the great movie about the Mercy 7 daredevils came out about 30 ... (click for more)